Standard Chartered raises Vietnam’s 2022 GDP growth forecast to 7.5 percent

Standard Chartered raises Vietnam’s 2022 GDP growth forecast to 7.5 percent

Standard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5 percent from the previous 6.7 percent and for 2023 to 7.2 percent from 7.0 percent to reflect robust Q3 growth of 13.7 percent year-on-year. The last quarter 2022 growth is anticipated at 4.0 percent.
Vietnam: Economic growth pace accelerates in 2Q

Vietnam: Economic growth pace accelerates in 2Q

Vietnam’s economic growth accelerated to 6.61% y/y in 2Q21, extending from an upwardly revised gain of 4.65% y/y in 1Q21. While this fell slightly short of expectations, it nonetheless reaffirmed the current upswing and re-establishment of its historic trend seen during 2013 to 2019. For the first half of 2021, Vietnam’s GDP expanded 5.64% y/y, more than 3 times the pace of 1.82% in 1H20.